SteelPeak Wealth LLC Reduces Stock Position in Dollar General Corporation $DG

SteelPeak Wealth LLC cut its stake in Dollar General Corporation (NYSE:DG) by 90.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,340 shares of the company’s stock after selling 21,647 shares during the quarter. SteelPeak Wealth LLC’s holdings in Dollar General were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after buying an additional 384,447 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after purchasing an additional 1,458,093 shares during the last quarter. Baupost Group LLC MA lifted its stake in shares of Dollar General by 26.7% in the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock worth $305,037,000 after purchasing an additional 562,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dollar General by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock worth $203,422,000 after buying an additional 70,588 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Dollar General by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock valued at $173,130,000 after buying an additional 43,602 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.9%

Shares of DG stock opened at $136.55 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The stock has a fifty day simple moving average of $116.37 and a two-hundred day simple moving average of $111.25. The firm has a market capitalization of $30.06 billion, a PE ratio of 23.58, a PEG ratio of 2.49 and a beta of 0.26. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $139.83.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Insider Transactions at Dollar General

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president owned 43,179 shares in the company, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president owned 22,295 shares in the company, valued at approximately $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on DG shares. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Raymond James Financial restated an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Daiwa Capital Markets lifted their target price on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Finally, BNP Paribas Exane boosted their price target on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.62.

Dollar General Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.